Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Initial Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of April 2020

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance) 

 

Number of Receivables

     95,695        % New vehicles      76.67%  

Total Principal Balance

     $1,960,084,279.31        % Used vehicles      23.33%  

Average Principal Balance

     $20,482.62        % Cars and minivans      34.19%  

Average Original Amount Financed

     $29,226.88        % Light duty trucks      18.61%  

Weighted Average APR

     4.07%        % Sport utility vehicles      47.20%  

Weighted Average APR of Receivables

        % Toyota vehicles      88.45%  

with more than 75 Original Payments

     6.31%       

 

% Lexus vehicles

     11.55%  

Weighted Average Original Number

          Top 3 States:   CA      18.38%  

of Scheduled Payments

     68.97 payments       

 

      

  TX      15.97%  

Weighted Average Remaining Number

                MD      5.69%  

of Scheduled Payments

     54.06 payments            

Weighted Average FICO

     761.08            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     738.10            

Weighted Average LTV

     99.03%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.80%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance) 

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     3.60%        More than 75 original scheduled payments        8.15%      LTV greater than 130%      5.16%  

FICO Less than 700

     19.31%        More than 72 original scheduled payments        31.46%      LTV greater than 120%      12.23%  

FICO Less than 720

     29.40%            LTV greater than 110%      29.09%  

FICO Less than 740

     41.54%            LTV greater than 90%      71.28%  

FICO Less than 760

     51.80%              

FICO Less than 780

     60.82%              

Balances and Performance (Based on Principal Balance) 

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

40

     Sep-23           233,324,231.71           0.200861%           0.472383%  

41

     Oct-23           216,182,038.59           0.198351%           0.469945%  

42

     Nov-23           200,020,742.06           0.193778%           0.525871%  

43

     Dec-23           184,866,152.08           0.194838%           0.650898%  

44

     Jan-24           169,571,535.39           0.197181%           0.716098%  

45

     Feb-24           155,367,612.00           0.201216%           0.526693%  

46

     Mar-24           141,401,417.83           0.199192%           0.472426%  

47

     Apr-24           128,043,142.74           0.192631%           0.515755%  

48

     May-24           115,929,385.71           0.188357%           0.605091%  

49

     Jun-24           105,182,154.73           0.189875%           0.739576%  

50

     Jul-24           94,176,783.67           0.188972%           0.685119%  

51

     Aug-24           84,082,419.52           0.186676%           0.903774%  

 

Page 1 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of June 2020, July 2020

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     9,361        % New vehicles      76.29%  

Total Principal Balance

     $198,855,871.73        % Used vehicles      23.71%  

Average Principal Balance

     $21,243.02        % Cars and minivans      32.43%  

Average Original Amount Financed

     $30,730.87        % Light duty trucks      21.50%  

Weighted Average APR

     4.70%        % Sport utility vehicles      46.07%  

Weighted Average APR of Receivables

        % Toyota vehicles      89.90%  

with more than 75 Original Payments

     6.37%       

 

% Lexus vehicles

     10.10%  

Weighted Average Original Number

          Top 3 States:   CA      16.33%  

of Scheduled Payments

     72.99 Payments         

 

TX

     13.88%  

Weighted Average Remaining Number

          OH      8.10%  

of Scheduled Payments

     55.88 Payments            

Weighted Average FICO

     754.81            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     739.46            

Weighted Average LTV

     102.22%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.64%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance) 

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     3.19%        More than 75 original scheduled payments        26.58%    LTV greater than 130%      7.61%  

FICO Less than 700

     21.24%        More than 72 original scheduled payments        51.80%    LTV greater than 120%      15.91%  

FICO Less than 720

     32.87%            LTV greater than 110%      35.28%  

FICO Less than 740

     45.81%            LTV greater than 90%      76.50%  

FICO Less than 760

     55.96%              

FICO Less than 780

     65.73%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

38

     Sep-23           29,149,427.09           0.253502%           0.571725%  

39

     Oct-23           27,137,960.98           0.268965%           0.445600%  

40

     Nov-23           25,377,211.64           0.271794%           0.401084%  

41

     Dec-23           23,724,571.15           0.254580%           0.852052%  

42

     Jan-24           22,070,987.72           0.244687%           0.795907%  

43

     Feb-24           20,464,484.65           0.244032%           0.857814%  

44

     Mar-24           18,805,070.83           0.244165%           0.673499%  

45

     Apr-24           17,287,214.76           0.259763%           0.663427%  

46

     May-24           15,965,309.56           0.252568%           0.895567%  

47

     Jun-24           14,684,893.24           0.258268%           0.760273%  

48

     Jul-24           13,470,280.91           0.239436%           0.723989%  

49

     Aug-24           12,350,670.31           0.239584%           0.537074%  

 

Page 2 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of August 2020, September 2020, October 2020

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance) 

 

 

Number of Receivables

     11,060        % New vehicles      74.27%  

Total Principal Balance

     $220,821,456.81        % Used vehicles      25.73%  

Average Principal Balance

     $19,965.77        % Cars and minivans      33.54%  

Average Original Amount Financed

     $29,533.57        % Light duty trucks      19.76%  

Weighted Average APR

     4.23%        % Sport utility vehicles      46.71%  

Weighted Average APR of Receivables

        % Toyota vehicles      89.10%  

with more than 75 Original Payments

     6.52%       

 

% Lexus vehicles

     10.90%  

Weighted Average Original Number

          Top 3 States:   OH      15.62%  

of Scheduled Payments

     70.35 Payments         

 

CA

     15.04%  

Weighted Average Remaining Number

          TX      14.81%  

of Scheduled Payments

     53.72 Payments          

Weighted Average FICO

     756.41          

Weighted Average FICO of Receivables

          

with more than 75 Original Payments

     733.63          

Weighted Average LTV

     100.82%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     111.94%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     4.14%        More than 75 original scheduled payments        10.38%      LTV greater than 130%      5.82%  

FICO Less than 700

     21.96%        More than 72 original scheduled payments        40.96%      LTV greater than 120%      13.97%  

FICO Less than 720

     32.15%            LTV greater than 110%      32.61%  

FICO Less than 740

     44.15%            LTV greater than 90%      74.30%  

FICO Less than 760

     55.07%              

FICO Less than 780

     63.84%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

35

     Sep-23           36,934,667.45           0.244219%           0.535367%  

36

     Oct-23           34,528,320.63           0.230434%           0.876667%  

37

     Nov-23           32,284,687.23           0.243353%           1.057823%  

38

     Dec-23           30,289,973.97           0.252260%           1.108642%  

39

     Jan-24           28,141,497.27           0.287661%           0.799045%  

40

     Feb-24           26,083,496.19           0.285951%           0.636690%  

41

     Mar-24           24,175,973.42           0.290187%           0.901870%  

42

     Apr-24           22,227,893.48           0.292624%           1.025549%  

43

     May-24           20,423,367.65           0.293904%           0.881670%  

44

     Jun-24           18,801,024.27           0.294008%           0.896908%  

45

     Jul-24           17,260,824.32           0.280193%           0.705797%  

46

     Aug-24           15,818,210.37           0.275418%           0.974262%  

 

Page 3 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of November 2020, December 2020, January 2021

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     10,068        % New vehicles      69.15%  

Total Principal Balance

     $224,561,105.08        % Used vehicles      30.85%  

Average Principal Balance

     $22,304.44        % Cars and minivans      33.76%  

Average Original Amount Financed

     $29,926.87        % Light duty trucks      18.42%  

Weighted Average APR

     4.21%        % Sport utility vehicles      47.81%  

Weighted Average APR of Receivables

        % Toyota vehicles      88.00%  

with more than 75 Original Payments

     6.32%       

 

% Lexus vehicles

     12.00%  

Weighted Average Original Number

          Top 3 States:    TX      14.92%  

of Scheduled Payments

     70.09 Payments          

 

CA

     13.82%  

Weighted Average Remaining Number

           MD      11.12%  

of Scheduled Payments

     57.31 Payments             

Weighted Average FICO

     752.50             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     734.96             

Weighted Average LTV

     101.92%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     110.14%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     4.73   More than 75 original scheduled payments      5.27   LTV greater than 130%      6.14

FICO Less than 700

     23.90   More than 72 original scheduled payments      38.22   LTV greater than 120%      14.77

FICO Less than 720

     34.77        LTV greater than 110%      33.42

FICO Less than 740

     47.35        LTV greater than 90%      76.63

FICO Less than 760

     57.34          

FICO Less than 780

     65.92          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

32

     Sep-23           54,613,671.69           0.435627        0.833735

33

     Oct-23           51,834,353.06           0.423052        0.947652

34

     Nov-23           48,993,647.67           0.431429        1.016111

35

     Dec-23           46,420,004.54           0.470154        1.206815

36

     Jan-24           43,586,053.73           0.503320        1.085089

37

     Feb-24           41,111,125.65           0.500740        0.414694

38

     Mar-24           38,490,614.19           0.516384        0.398311

39

     Apr-24           36,022,061.03           0.515260        0.532788

40

     May-24           33,678,269.38           0.507435        0.875097

41

     Jun-24           31,561,173.77           0.515755        0.903486

42

     Jul-24           29,362,196.04           0.498572        1.110387

43

     Aug-24           27,227,536.56           0.497243        1.379840

 

Page 4 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of February 2021, April 2021

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     24,206        % New vehicles      79.89%  

Total Principal Balance

     $569,846,869.23        % Used vehicles      20.11%  

Average Principal Balance

     $23,541.55        % Cars and minivans      32.14%  

Average Original Amount Financed

     $31,320.50        % Light duty trucks      18.95%  

Weighted Average APR

     3.75%        % Sport utility vehicles      48.90%  

Weighted Average APR of Receivables

        % Toyota vehicles      86.95%  

with more than 75 Original Payments

     6.33%       

 

% Lexus vehicles

     13.05%  

Weighted Average Original Number

          Top 3 States:    CA      22.13%  

of Scheduled Payments

     69.09 Payments          

 

TX

     16.04%  

Weighted Average Remaining Number

           VA      4.05%  

of Scheduled Payments

     56.88 Payments             

Weighted Average FICO

     754.62             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     729.60             

Weighted Average LTV

     100.30%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     110.82%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     4.88   More than 75 original scheduled payments      9.76   LTV greater than 130%      5.82

FICO Less than 700

     22.48   More than 72 original scheduled payments      26.35   LTV greater than 120%      13.58

FICO Less than 720

     33.38        LTV greater than 110%      31.46

FICO Less than 740

     45.66        LTV greater than 90%      73.56

FICO Less than 760

     55.71          

FICO Less than 780

     64.61          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

29

     Sep-23           163,275,173.41           0.336628        0.641955

30

     Oct-23           154,985,762.93           0.333728        0.441388

31

     Nov-23           147,413,640.78           0.342110        0.568770

32

     Dec-23           139,965,896.03           0.346362        0.843332

33

     Jan-24           132,182,015.96           0.355014        0.758247

34

     Feb-24           124,956,493.70           0.373499        0.787455

35

     Mar-24           117,638,035.89           0.352553        0.721064

36

     Apr-24           110,445,783.46           0.352306        0.671792

37

     May-24           103,570,802.61           0.369302        0.630837

38

     Jun-24           97,675,829.52           0.374588        0.850428

39

     Jul-24           91,387,101.71           0.374115        0.666854

40

     Aug-24           85,215,546.47           0.362073        0.796674

 

Page 5 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of August 2021

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     9,576        % New vehicles      77.14%  

Total Principal Balance

     $265,797,705.65        % Used vehicles      22.86%  

Average Principal Balance

     $27,756.65        % Cars and minivans      38.38%  

Average Original Amount Financed

     $33,280.61        % Light duty trucks      17.35%  

Weighted Average APR

     4.64%        % Sport utility vehicles      44.27%  

Weighted Average APR of Receivables

        % Toyota vehicles      90.10%  

with more than 75 Original Payments

     6.20%       

 

% Lexus vehicles

     9.90%  

Weighted Average Original Number

          Top 3 States:   CA      24.77%  

of Scheduled Payments

     72.35 Payments       

 

      

  TX      17.43%  

Weighted Average Remaining Number

                VA      4.50%  

of Scheduled Payments

     63.27 Payments            

Weighted Average FICO

     711.09            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     732.11            

Weighted Average LTV

     104.59%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.59%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     10.18%        More than 75 original scheduled payments        10.18%      LTV greater than 130%      7.55%  

FICO Less than 700

     46.78%        More than 72 original scheduled payments        26.47%      LTV greater than 120%      18.10%  

FICO Less than 720

     68.78%            LTV greater than 110%      39.12%  

FICO Less than 740

     77.07%            LTV greater than 90%      80.39%  

FICO Less than 760

     82.98%              

FICO Less than 780

     87.64%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

23

     Sep-23           110,959,805.48           0.777311%           0.604477%  

24

     Oct-23           106,712,469.02           0.771906%           0.772493%  

25

     Nov-23           102,878,126.09           0.755051%           0.987457%  

26

     Dec-23           99,033,895.59           0.768685%           0.989007%  

27

     Jan-24           95,233,545.33           0.807735%           1.242209%  

28

     Feb-24           91,349,954.13           0.811169%           0.967759%  

29

     Mar-24           87,363,046.99           0.848275%           0.704625%  

30

     Apr-24           83,556,252.92           0.830234%           0.968972%  

31

     May-24           79,928,229.11           0.804429%           1.190595%  

32

     Jun-24           76,554,698.71           0.837313%           1.037320%  

33

     Jul-24           72,789,923.85           0.844564%           1.396226%  

34

     Aug-24           69,133,937.93           0.858388%           1.595125%  

 

Page 6 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of November 2021

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     9,527        % New vehicles      98.20%  

Total Principal Balance

     $252,640,343.08        % Used vehicles      1.80%  

Average Principal Balance

     $26,518.35        % Cars and minivans      36.52%  

Average Original Amount Financed

     $34,395.44        % Light duty trucks      17.26%  

Weighted Average APR

     3.80%        % Sport utility vehicles      46.21%  

Weighted Average APR of Receivables

        % Toyota vehicles      87.88%  

with more than 75 Original Payments

     6.01%       

 

% Lexus vehicles

     12.12%  

Weighted Average Original Number

          Top 3 States:   CA      23.22%  

of Scheduled Payments

     70.06 Payments         

 

TX

     18.83%  

Weighted Average Remaining Number

          MD      5.20%  

of Scheduled Payments

     58.61 Payments            

Weighted Average FICO

     748.84            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     731.74            

Weighted Average LTV

     100.44%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.80%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     6.05%        More than 75 original scheduled payments        9.96%    LTV greater than 130%      5.80%  

FICO Less than 700

     25.96%        More than 72 original scheduled payments        31.11%    LTV greater than 120%      13.35%  

FICO Less than 720

     37.38%            LTV greater than 110%      32.19%  

FICO Less than 740

     48.94%            LTV greater than 90%      73.90%  

FICO Less than 760

     58.79%              

FICO Less than 780

     67.64%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

20

     Sep-23           113,403,350.85           0.425250%           0.620662%  

21

     Oct-23           108,816,633.40           0.453794%           0.631170%  

22

     Nov-23           104,609,554.97           0.457491%           0.527703%  

23

     Dec-23           100,536,982.08           0.448376%           0.710195%  

24

     Jan-24           96,132,562.33           0.473859%           0.564556%  

25

     Feb-24           92,215,926.75           0.487100%           0.708290%  

26

     Mar-24           88,039,325.93           0.478515%           0.584866%  

27

     Apr-24           83,882,175.38           0.492316%           0.492215%  

28

     May-24           79,899,510.86           0.499243%           0.444203%  

29

     Jun-24           76,152,603.99           0.473642%           0.673246%  

30

     Jul-24           72,407,751.84           0.513473%           0.658912%  

31

     Aug-24           68,650,706.70           0.488252%           0.888674%  

 

Page 7 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of February 2022

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     9,450        % New vehicles      100.00%  

Total Principal Balance

     $262,090,725.05        % Cars and minivans      34.87%  

Average Principal Balance

     $27,734.47        % Light duty trucks      15.95%  

Average Original Amount Financed

     $35,708.13        % Sport utility vehicles      49.18%  

Weighted Average APR

     3.70%        % Toyota vehicles      86.43%  

Weighted Average APR of Receivables

        % Lexus vehicles      13.57%  

with more than 75 Original Payments

     5.99%       

 

  Top 3 States:

  CA      24.01%  

Weighted Average Original Number

               TX      17.93%  

of Scheduled Payments

     70.34 Payments         

 

VA

     4.42%  

Weighted Average Remaining Number

            

of Scheduled Payments

     59.00 Payments            

Weighted Average FICO

     752.60            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     736.30            

Weighted Average LTV

     101.34%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     112.61%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     4.54%        More than 75 original scheduled payments        9.64%      LTV greater than 130%      6.47%  

FICO Less than 700

     23.63%        More than 72 original scheduled payments        28.51%      LTV greater than 120%      15.27%  

FICO Less than 720

     34.69%            LTV greater than 110%      35.43%  

FICO Less than 740

     46.74%            LTV greater than 90%      74.80%  

FICO Less than 760

     56.89%              

FICO Less than 780

     65.74%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

17

     Sep-23           134,459,078.88           0.217468%           0.648514%  

18

     Oct-23           129,175,288.57           0.242997%           0.726764%  

19

     Nov-23           124,402,060.10           0.286927%           0.701673%  

20

     Dec-23           119,906,058.18           0.305076%           0.572162%  

21

     Jan-24           115,307,721.79           0.285442%           0.711637%  

22

     Feb-24           110,643,751.34           0.284929%           0.612813%  

23

     Mar-24           106,015,147.54           0.283494%           0.496015%  

24

     Apr-24           101,268,500.98           0.302948%           0.666106%  

25

     May-24           96,563,129.01           0.331856%           0.549622%  

26

     Jun-24           92,549,624.97           0.337147%           0.498445%  

27

     Jul-24           88,430,786.33           0.358026%           0.674901%  

28

     Aug-24           84,298,970.34           0.335191%           0.555466%  

 

Page 8 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of May 2022

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     8,784        % New vehicles      74.45%  

Total Principal Balance

     $273,615,848.79        % Used vehicles      25.55%  

Average Principal Balance

     $31,149.35        % Cars and minivans      34.87%  

Average Original Amount Financed

     $36,258.53        % Light duty trucks      16.18%  

Weighted Average APR

     4.53%        % Sport utility vehicles      48.95%  

Weighted Average APR of Receivables

        % Toyota vehicles      85.71%  

with more than 75 Original Payments

     6.13%       

 

% Lexus vehicles

     14.29%  

Weighted Average Original Number

          Top 3 States:   CA      22.94%  

of Scheduled Payments

     73.39 Payments       

 

    

  TX      19.67%  

Weighted Average Remaining Number

          VA      4.21%  

of Scheduled Payments

     64.93 Payments            

Weighted Average FICO

     730.61            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     730.23            

Weighted Average LTV

     104.63%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     111.08%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     6.21%        More than 75 original scheduled payments        9.97%      LTV greater than 130%      7.83%  

FICO Less than 700

     30.47%        More than 72 original scheduled payments        36.30%      LTV greater than 120%      18.99%  

FICO Less than 720

     51.81%            LTV greater than 110%      42.13%  

FICO Less than 740

     63.42%            LTV greater than 90%      79.85%  

FICO Less than 760

     72.16%              

FICO Less than 780

     79.55%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

14

     Sep-23           168,946,057.68           0.595746%           0.763513%  

15

     Oct-23           163,608,314.07           0.574935%           0.833725%  

16

     Nov-23           158,460,997.29           0.691734%           0.732766%  

17

     Dec-23           153,725,823.33           0.726462%           0.902614%  

18

     Jan-24           148,522,287.45           0.819525%           0.852802%  

19

     Feb-24           143,573,992.33           0.836146%           0.726386%  

20

     Mar-24           138,441,240.20           0.862371%           0.761881%  

21

     Apr-24           133,264,625.20           0.929378%           0.595597%  

22

     May-24           128,620,717.72           0.930851%           0.710399%  

23

     Jun-24           124,072,216.57           0.885764%           0.894092%  

24

     Jul-24           119,292,599.94           0.917101%           1.098414%  

25

     Aug-24           114,555,554.90           0.959091%           1.151655%  

 

Page 9 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of August 2022, September 2022

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     12,123        % New vehicles      77.11%  

Total Principal Balance

     $344,193,534.37        % Used vehicles      22.89%  

Average Principal Balance

     $28,391.78        % Cars and minivans      33.89%  

Average Original Amount Financed

     $33,931.84        % Light duty trucks      13.51%  

Weighted Average APR

     4.07%        % Sport utility vehicles      52.59%  

Weighted Average APR of Receivables

        % Toyota vehicles      81.00%  

with more than 75 Original Payments

     6.17%       

 

% Lexus vehicles

     19.00%  

Weighted Average Original Number

          Top 3 States:   CA      23.72%  

of Scheduled Payments

     69.07 Payments       

 

    

  TX      16.91%  

Weighted Average Remaining Number

          MD      3.93%  

of Scheduled Payments

     60.37 Payments            

Weighted Average FICO

     752.43            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     730.00            

Weighted Average LTV

     98.65%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     111.61%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     3.78%        More than 75 original scheduled payments        6.68%      LTV greater than 130%      5.58%  

FICO Less than 700

     18.49%        More than 72 original scheduled payments        22.85%      LTV greater than 120%      15.39%  

FICO Less than 720

     39.54%            LTV greater than 110%      32.39%  

FICO Less than 740

     48.72%            LTV greater than 90%      69.65%  

FICO Less than 760

     58.03%              

FICO Less than 780

     66.35%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

                

60+ Days Delinquency (%)

 

11

     Sep-23           234,884,147.54           0.307140%           0.452387%  

12

     Oct-23           227,560,763.16           0.301552%           0.447740%  

13

     Nov-23           219,717,811.04           0.356429%           0.400950%  

14

     Dec-23           212,951,647.95           0.406288%           0.717587%  

15

     Jan-24           205,657,545.20           0.423922%           0.831190%  

16

     Feb-24           198,407,048.96           0.470759%           0.735313%  

17

     Mar-24           191,001,272.83           0.518278%           0.648351%  

18

     Apr-24           183,916,861.37           0.517988%           0.613001%  

19

     May-24           176,586,838.38           0.555654%           0.592197%  

20

     Jun-24           169,875,717.52           0.574970%           0.783762%  

21

     Jul-24           162,361,861.90           0.604607%           0.734124%  

22

     Aug-24           155,989,910.36           0.634472%           0.756443%  

 

Page 10 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of December 2022

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     4,716        % New vehicles      82.78%  

Total Principal Balance

     $133,879,463.08        % Used vehicles      17.22%  

Average Principal Balance

     $28,388.35        % Cars and minivans      32.27%  

Average Original Amount Financed

     $35,363.37        % Light duty trucks      17.47%  

Weighted Average APR

     4.39%        % Sport utility vehicles      50.26%  

Weighted Average APR of Receivables

        % Toyota vehicles      84.35%  

with more than 75 Original Payments

     6.53%       

 

% Lexus vehicles

     15.65%  

Weighted Average Original Number

          Top 3 States:    CA      21.92%  

of Scheduled Payments

     69.93 Payments       

 

      

   TX      16.51%  

Weighted Average Remaining Number

           VA      3.95%  

of Scheduled Payments

     59.23 Payments             

Weighted Average FICO

     753.60             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     734.17             

Weighted Average LTV

     101.88%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     112.76%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     3.88   More than 75 original scheduled payments      13.38   LTV greater than 130%      7.56

FICO Less than 700

     21.98   More than 72 original scheduled payments      22.48   LTV greater than 120%      19.31

FICO Less than 720

     33.43        LTV greater than 110%      39.77

FICO Less than 740

     45.17        LTV greater than 90%      74.20

FICO Less than 760

     55.67          

FICO Less than 780

     65.53          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

 8

     Sep-23           102,265,641.18           0.192059        0.373221

 9

     Oct-23           98,892,214.20           0.249408        0.360375

10

     Nov-23           95,839,200.75           0.259154        0.607719

11

     Dec-23           93,022,104.91           0.311964        0.479754

12

     Jan-24           90,093,809.23           0.364558        0.683044

13

     Feb-24           87,498,358.82           0.372566        0.488658

14

     Mar-24           84,586,355.51           0.357089        0.362294

15

     Apr-24           81,280,760.11           0.422092        0.432324

16

     May-24           78,389,608.07           0.431740        0.539699

17

     Jun-24           75,645,431.31           0.499442        0.627772

18

     Jul-24           72,962,531.56           0.517954        0.502523

19

     Aug-24           70,150,803.20           0.460328        0.726424

 

Page 11 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of February 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     8,618        % New vehicles      79.62%  

Total Principal Balance

     $236,314,199.64        % Used vehicles      20.38%  

Average Principal Balance

     $27,421.00        % Cars and minivans      32.88%  

Average Original Amount Financed

     $34,587.51        % Light duty trucks      18.33%  

Weighted Average APR

     4.47%        % Sport utility vehicles      48.79%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.47%  

with more than 75 Original Payments

     6.60%       

 

% Lexus vehicles

     16.53%  

Weighted Average Original Number

          Top 3 States:    CA      23.60%  

of Scheduled Payments

     68.21 Payments       

 

      

   TX      16.71%  

Weighted Average Remaining Number

           MD      3.73%  

of Scheduled Payments

     57.50 Payments             

Weighted Average FICO

     755.02             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     735.55             

Weighted Average LTV

     100.00%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     110.16%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     4.12   More than 75 original scheduled payments      4.07   LTV greater than 130%      6.42

FICO Less than 700

     21.64   More than 72 original scheduled payments      14.87   LTV greater than 120%      17.04

FICO Less than 720

     32.33        LTV greater than 110%      36.21

FICO Less than 740

     44.48        LTV greater than 90%      71.02

FICO Less than 760

     55.11          

FICO Less than 780

     64.09          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

 5

     Sep-23           189,698,533.78           0.171897        0.448711

 6

     Oct-23           183,347,219.22           0.271875        0.544898

 7

     Nov-23           177,274,055.35           0.336046        0.334154

 8

     Dec-23           171,786,037.42           0.367429        0.385855

 9

     Jan-24           166,388,139.64           0.363179        0.341099

10

     Feb-24           160,921,093.42           0.366075        0.270394

11

     Mar-24           155,526,857.73           0.349650        0.338361

12

     Apr-24           149,830,540.55           0.402973        0.444167

13

     May-24           144,451,112.49           0.386014        0.463704

14

     Jun-24           139,612,259.69           0.451261        0.501905

15

     Jul-24           134,056,180.62           0.488589        0.660760

16

     Aug-24           128,541,394.07           0.510924        0.774084

 

Page 12 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of May 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     8,882        % New vehicles      70.01%  

Total Principal Balance

     $256,230,408.23        % Used vehicles      29.99%  

Average Principal Balance

     $28,848.28        % Cars and minivans      30.84%  

Average Original Amount Financed

     $36,112.53        % Light duty trucks      20.48%  

Weighted Average APR

     6.41%        % Sport utility vehicles      48.68%  

Weighted Average APR of Receivables

        % Toyota vehicles      85.63%  

with more than 75 Original Payments

     7.18%       

 

% Lexus vehicles

     14.37%  

Weighted Average Original Number

          Top 3 States:    TX      23.46%  

of Scheduled Payments

     73.32 Payments       

 

      

   CA      14.97%  

Weighted Average Remaining Number

           VA      4.15%  

of Scheduled Payments

     61.16 Payments             

Weighted Average FICO

     737.73             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     729.44             

Weighted Average LTV

     101.64%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     110.87%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     4.80   More than 75 original scheduled payments      8.29   LTV greater than 130%      5.60

FICO Less than 700

     24.10   More than 72 original scheduled payments      54.85   LTV greater than 120%      15.26

FICO Less than 720

     44.77        LTV greater than 110%      32.19

FICO Less than 740

     58.39        LTV greater than 90%      75.43

FICO Less than 760

     68.20          

FICO Less than 780

     76.34          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

 2

     Sep-23           227,034,608.64           0.017877        0.249949

 3

     Oct-23           219,983,121.50           0.048915        0.275292

 4

     Nov-23           213,623,875.76           0.067801        0.378771

 5

     Dec-23           207,401,775.23           0.081527        0.373110

 6

     Jan-24           200,745,265.40           0.192095        0.472798

 7

     Feb-24           194,120,838.86           0.243099        0.479323

 8

     Mar-24           188,455,541.85           0.320836        0.703419

 9

     Apr-24           182,137,968.01           0.384280        0.708125

10

     May-24           175,650,655.04           0.428945        0.564739

11

     Jun-24           170,197,816.16           0.519799        0.818636

12

     Jul-24           164,059,755.96           0.545938        0.913607

13

     Aug-24           158,378,424.88           0.623461        0.672650

 

Page 13 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of August 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     8,386        % New vehicles      60.03%  

Total Principal Balance

     $240,258,554.92        % Used vehicles      39.97%  

Average Principal Balance

     $28,649.96        % Cars and minivans      31.45%  

Average Original Amount Financed

     $34,579.49        % Light duty trucks      18.13%  

Weighted Average APR

     6.66%        % Sport utility vehicles      50.41%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.16%  

with more than 75 Original Payments

     7.38%       

 

% Lexus vehicles

     16.84%  

Weighted Average Original Number

        Top 3 States:   TX      19.11%  

of Scheduled Payments

     71.29 Payments       

 

      

  CA      15.04%  

Weighted Average Remaining Number

          MA      4.02%  

of Scheduled Payments

     61.28 Payments            

Weighted Average FICO

     748.00            

Weighted Average FICO of Receivables

            

with more than 75 Original Payments

     736.31            

Weighted Average LTV

     100.59%            

Weighted Average LTV of Receivables

            

with more than 75 Original Payments

     110.64%            

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

         

Original Scheduled Payments Distribution (%)

           

LTV Distribution (%)

      

FICO Less than 650

     4.46%        More than 75 original scheduled payments        8.14%      LTV greater than 130%      8.19%  

FICO Less than 700

     22.81%        More than 72 original scheduled payments        30.61%      LTV greater than 120%      16.74%  

FICO Less than 720

     36.62%            LTV greater than 110%      31.82%  

FICO Less than 740

     49.53%            LTV greater than 90%      71.52%  

FICO Less than 760

     60.40%              

FICO Less than 780

     68.90%              

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

              

60+ Days Delinquency (%)

 

1

     Nov-23           221,690,317.89           0.038349        0.344202

2

     Dec-23           215,366,470.36           0.115163        0.438374

3

     Jan-24           208,460,671.95           0.185824        0.578388

4

     Feb-24           202,272,877.61           0.236928        0.493865

5

     Mar-24           196,434,613.46           0.235782        0.639100

6

     Apr-24           190,120,888.15           0.385082        0.549654

7

     May-24           184,108,672.36           0.448246        0.316128

8

     Jun-24           178,429,447.96           0.424903        0.648361

9

     Jul-24           172,895,109.09           0.445620        0.610362

10

     Aug-24           166,693,289.93           0.585369        0.924140

 

Page 14 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of November 2023

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     8,577        % New vehicles      83.19%  

Total Principal Balance

     $235,528,268.67        % Used vehicles      16.81%  

Average Principal Balance

     $27,460.45        % Cars and minivans      29.54%  

Average Original Amount Financed

     $35,006.70        % Light duty trucks      19.89%  

Weighted Average APR

     5.90%        % Sport utility vehicles      50.57%  

Weighted Average APR of Receivables

        % Toyota vehicles      82.27%  

with more than 75 Original Payments

     7.83%       

 

% Lexus vehicles

     17.73%  

Weighted Average Original Number

          Top 3 States:    CA      17.45%  

of Scheduled Payments

     68.21 Payments       

 

      

   TX      17.40%  

Weighted Average Remaining Number

           AZ      3.98%  

of Scheduled Payments

     57.09 Payments             

Weighted Average FICO

     759.38             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     737.73             

Weighted Average LTV

     98.13%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     111.42%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     3.51   More than 75 original scheduled payments      7.97   LTV greater than 130%      5.50

FICO Less than 700

     19.85   More than 72 original scheduled payments      14.63   LTV greater than 120%      14.78

FICO Less than 720

     30.39        LTV greater than 110%      31.62

FICO Less than 740

     41.43        LTV greater than 90%      67.91

FICO Less than 760

     51.47          

FICO Less than 780

     61.18          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

1

     Feb-24           215,507,447.84           -0.000162        0.284970

2

     Mar-24           208,327,161.66           0.060109        0.377721

3

     Apr-24           200,964,487.82           0.120510        0.304302

4

     May-24           194,042,464.65           0.152206        0.414577

5

     Jun-24           188,068,690.87           0.177880        0.523237

6

     Jul-24           181,465,955.17           0.226679        0.606431

7

     Aug-24           175,189,680.30           0.308354        0.655462

 

Page 15 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of February 2024

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     8,524        % New vehicles      92.24%  

Total Principal Balance

     $241,978,411.90        % Used vehicles      7.76%  

Average Principal Balance

     $28,387.89        % Cars and minivans      28.80%  

Average Original Amount Financed

     $36,053.51        % Light duty trucks      18.54%  

Weighted Average APR

     6.14%        % Sport utility vehicles      52.66%  

Weighted Average APR of Receivables

        % Toyota vehicles      83.59%  

with more than 75 Original Payments

     8.24%       

 

% Lexus vehicles

     16.41%  

Weighted Average Original Number

          Top 3 States:    TX      17.39%  

of Scheduled Payments

     68.00 Payments       

 

      

   CA      16.48%  

Weighted Average Remaining Number

           MD      3.93%  

of Scheduled Payments

     57.09 Payments             

Weighted Average FICO

     761.77             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     739.29             

Weighted Average LTV

     98.14%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     111.80%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     2.82   More than 75 original scheduled payments      7.72   LTV greater than 130%      5.04

FICO Less than 700

     18.36   More than 72 original scheduled payments      15.10   LTV greater than 120%      13.63

FICO Less than 720

     28.55        LTV greater than 110%      31.71

FICO Less than 740

     39.27        LTV greater than 90%      68.92

FICO Less than 760

     50.01          

FICO Less than 780

     59.62          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

1

     May-24           219,049,041.59           0.009986        0.179351

2

     Jun-24           212,505,555.09           0.054469        0.357617

3

     Jul-24           204,675,281.84           0.076066        0.330800

4

     Aug-24           198,019,761.49           0.108576        0.308937

 

Page 16 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

Toyota Auto Loan Extended Note Trust 2020-1

Additional Receivables Static Pool Information

Quarter Ended August 31, 2024

Cutoff Date of May 2024

 

Original Pool Characteristics as of the Cutoff Dates (Based on Principal Balance)

 

Number of Receivables

     9,414        % New vehicles      85.20%  

Total Principal Balance

     $269,116,525.25        % Used vehicles      14.80%  

Average Principal Balance

     $28,586.84        % Cars and minivans      27.88%  

Average Original Amount Financed

     $35,845.46        % Light duty trucks      19.03%  

Weighted Average APR

     6.69%        % Sport utility vehicles      53.09%  

Weighted Average APR of Receivables

        % Toyota vehicles      81.87%  

with more than 75 Original Payments

     8.66%       

 

% Lexus vehicles

     18.13%  

Weighted Average Original Number

          Top 3 States:    TX      16.84%  

of Scheduled Payments

     68.24 Payments       

 

      

   CA      14.19%  

Weighted Average Remaining Number

           IL      4.32%  

of Scheduled Payments

     57.71 Payments             

Weighted Average FICO

     763.07             

Weighted Average FICO of Receivables

             

with more than 75 Original Payments

     742.39             

Weighted Average LTV

     97.80%             

Weighted Average LTV of Receivables

             

with more than 75 Original Payments

     109.45%             

Original Pool Characteristics as of the Cutoff Dates (Based on Adjusted Pool Balance)

 

FICO Score Range Distribution (%)

        

Original Scheduled Payments Distribution (%)

        

LTV Distribution (%)

      

FICO Less than 650

     2.93   More than 75 original scheduled payments      8.01   LTV greater than 130%      4.81

FICO Less than 700

     18.10   More than 72 original scheduled payments      17.60   LTV greater than 120%      13.79

FICO Less than 720

     27.91        LTV greater than 110%      31.65

FICO Less than 740

     38.52        LTV greater than 90%      67.78

FICO Less than 760

     48.69          

FICO Less than 780

     59.18          

Balances and Performance (Based on Principal Balance)

 

Period No.

  

Month

                  

Month-End Pool Balance  ($)

                

Cumulative Net Credit Loss (%)

               

60+ Days Delinquency (%)

 

1

     Aug-24           245,173,922.85           0.000000        0.410610

 

Page 17 of 18


Quarterly Report

Toyota Auto Loan Extended Note Trust 2020-1

Toyota Revolving Note Depositor LLC

SELLER

Toyota Motor Credit Corporation

SERVICER

 

I hereby certify to the best of my knowledge that the report provided is true and correct.

 

/s/ Stephen Bishop

Name: Stephen Bishop
Title: General Manager - Treasury

 

Page 18 of 18